Stock Market & Financial Investment News

TechCrunch updates Rackspace story, says source unconfirmedTechCrunch updated its earlier story on Rackspace (RAX), saying: "We’ve tried to make clear that we’re reporting an unconfirmed source here, but an interesting angle nonetheless. Dealreporter has taken that one step further and published a note with a far more skeptical view of the idea that Rackspace could potentially be taken private. It says it received a note with some similar wording and disputed the veracity of the source." TechCrunch earlier today reported that Rackspace is looking to take itself private. Shares of Rackspace are off their highs, but remain up 6% to $35.72